St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-08
a Big Week Pleases the Operators
Small Deals, but Very
Numerous.
Acres in the South and Northwest arc
Still Lively and Buyers
Plentiful.
Building Disposed to be Quiet---Fine
Tenement Rows Growing
Popular.
General freud of Prices 80 Tid-Rits
Gathered in Various Places
About Town.

The value represented in the real
estate deals of the week closing Friday
evening is 1865, 399.95, figures which
constitute a mighty bulwark of con-
fidence in the solidity of the real estate
dealers prosperous haying time. Ex-
tended inquiry among leading dealers
and investors developed only one fact
that is worthy of note, and it is signfi-
cant fact, worthy of study. BY far the
greater portion OF the handsome aggre-
gate of sales noted above is made UP of
small deeds. This means that not only
men with large sums of money at hand,
but men with small means as well, see
abundant opportunities of making good
interest on their limited investment.
~
Over two hundred transfers repre-
sented a value of $1,000 or less each,
and of these the value of the property
was less than $1,000 in 100 trans
fers. These facts are significant.
Whether these investments mean the
building of homes or whether they rep
resent the desire of SO many young men
to save their earnings, their number,
which seems steadily increasing, will
cut no little figure in the grand sum
total of the years transactions. Every
such investment, judiciouSly made,
means a good profit to the investor and
additional prosperity to the city.
The market presents no new phases
whatever. There are rumors of manu-
facturies almost as numerous as there
are suburban owners, and any attempt
to run such rumOrS down seems to indi-
cate that they are the substance of
things hoped for rather than the evil
dence of anything in sight. A promi-
nent banker looked very wise and was
fearful of causing the downfall of mag
nlficent SCENE i'll manufacturing way
If premature report should appear and
so an eXpectant Minneapolis public will
continue to have sweet rest disturbed
by sweeter dreams for a dag or two
more.
Acres in the southwest and northeast
continue in good demand. G. w.
Bruner sold forty acres two miles south
west of junction City at S175 per acre.
An eighty-acre tract in the same vicin-
lty is under contract by other parties at
$3.50 per acre. In the northeast the loca-
ton OF the stock yard station and town.
site OF nearly 700 acres Just below Long
lake, and the increased activity in push
ing the work on the $500" has served to
sustain the interest in that section.
PrlceS remain firm with an upward
tendency.
~
Building, while not especially active,
is by no means at a standstill. n. S.
Demille sold to Mr.. Buell. III feet on
Nicollet, corner of Seventeenth, at $50
per foot. Mr.. Buell. will at once beg in
the erection of a row of twelve hand
some tenements on the property.
j. w. Hollingsworth will build a row of
English tenements at the corner of
Spruce and Thirteenth streets, facing
the former. These houses will be fitted
with all the modern improvements. E.
S. Stebbing is drawing plans for brown
stone veneer residence for A. j. Board
man, to be butt in Kenwood, at a cost
of $1,000. JOraleman d Ferrin are
busy OH plans for three-story tenement
row, nine houses, for n. f. Cary, corner
Fifth avenue south and Fourteenth
street, to cost S35, 900; $1,000 residence
for DR.. Holmes, Park avenue and Thir-
teenth street, and $1,000 residence for
J. A. Pagan. They also have on the
boards plans for $4,000 building for
the Dakota agricultural college at
Brookings, and a $4,000 Episcopal
church at Aberdeen.